Selling Price and Amount Spent Advertising Were Entered into a Multiple

question 12

Multiple Choice

Selling price and amount spent advertising were entered into a multiple regression to Determine what affects flat panel LCD TV sales.Based on the output below, which of the Following statements is/are true?

$\text{ Response Variable is Sales}$

$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & 90.19 & 25.08 & 3.60 & 0.001 \\ \text { Price } & - 0.03055 & 0.01005 & - 3.04 & 0.005 \\ \text { Advertising } & 3.0926 & 0.3680 & 8.40 & 0.000 \end{array}$
$$S = 10.6075 \quad R - S q = 84.4 \% \quad R - S q ( a d j ) = 83.3 \%$$

$\text{Analysis of Variance}$

$\begin{array} { l r r r } \text { Source } & \text { DF } & \text { SS } & \text { MS } \\ \text { Regression } & 2 & 16477.3 & 8238.7 \\ \text { Residual Error } & 27 & 3038.0 & 112.5 \\ \text { Total } & 29 & 19515.4 & \end{array}$

• A)The multiple regression model is significant overall.
• B)Selling Price is a significant independent variable in explaining Bravia sales.
• C)Amount Spent on Advertising is a significant independent variable in explaining Bravia sales.
• D)Only A and B
• E)A, B and C

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Definitions:

Better Title

A legal principle indicating that among multiple claims to ownership or rights, one claim is superior or more legally valid than the others.

Goods

Tangible personal property, often referred to in the context of buying, selling, or trading physical items.

Commercially Reasonable

Actions or procedures that a prudent person would believe to be appropriate and reasonable in the context of conducting business.

Good Faith

The honest intent to act without taking an unfair advantage over another party in a transaction.